by Jake, the Champion of the Constitution Originally published Wednesday, February 11, 2009 at http://www.nolanchart.com/article5976.html
CARTEL – n. a combination of independent commercial or industrial enterprises designed to limit competition or fix prices (per Merriam-Webster’s Dictionary) (emblem)
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adult: “Our government borrows money every year.”
child: “Where does the money come from? How can we always be in debt and not have to pay it off?”
adult: “We are in debt to ourselves.”
child: “That doesn’t make any sense!”
adult: “It is based on fractional reserve banking. Banks do not have to have all the money that they lend.”
child: “That sounds silly! And why is the government bailing out the banks? Don’t the banks already have all the money?”
adult: “The banks lent all their money to us, so they need more money from the government so they can continue lending to us.”
As we continue, I hope many of the “adult’s” fallacies in the above dialogue are becoming clearer, especially after “The Money Matrix – How the FED Works (PART 6/15).” As always, please feel free to leave any feedback or questions below.
An isolated problem with lead contamination in Chinese products has resulted in a severe overreaction by Congress. Our elected representatives rushed to judgement. They passed the “Consumer Product Safety Improvement Act,” without taking the time to . . .
* Think through the details
* Consider all the consequences of their action
* Correctly estimate the real danger posed by lead in products
It’s important to recognize that while lead contamination was once a major concern, especially for children, the situation has improved dramatically . . .
* According to the Center for Disease Control, the remaining area of concern is lead paint in older homes, and a few other “potential” dangers mainly related to the household environment. Toys and other children’s products are nowhere mentioned.
Clearly, public exposure to lead is under control and improving, but highly-publicized cases of lead contamination in Chinese products have caused Congress to create vast new regulations that impact not just Chinese products, but our entire economy. Only one House member and three Senators voted against the “Consumer Product Safety Improvement Act” (CPSIA) but those who supported it may soon regret their votes. The CPSIA . . .
Judge Andrew Napolitano has a brand new (online only for now) show called Freedom Watch on FOX News. The first show was this afternoon. It was a liberty power hour. It brought together the likes of Ron Paul, Peter Schiff, Cody Willard, and The Judge for an hour of discussion. Also on the show were Stephen Moore from the WSJ and Alan Colmes from FOX.
I was unable to capture the video of the show, but I did record the entire show’s audio. I enjoyed the pre-show banter where Cody Willard asks Peter Schiff about running for office in 2010 so I kept that part in the audio available below. Also they discuss how the “blogs have been going crazy” about the show.
One of the best quotes comes from Willard when he calls Treasury Secretary Geithner “a 35 year old punk”. Cody Willard is the host of the FOX Business show called “Happy Hour” and is a friend to free markets and individual liberty. Read his blog “The Cody Word”.
It sounds like The Judge will have Ron Paul back and some of his other guests in the coming weeks. It’s a great listen and if/when FOX posts the video I’ll post it below.
For now listen to the 60 minutes of audio below. Note that the show doesn’t start until about 2 1/2 minutes in. If you want to miss the banter and opening music then just jump to that point.
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Today I came across a great article by Lew Rockwell that I feel the need to share with the readers of Liberty Maven. I don’t have much to say about it besides “it’s great!” and “read it now!” Here it is:
President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush’s Hoover. This, he says, is what the election was all about.
The arrogance reminds me of George Bush after 9-11, who similarly believed that history owed him a gargantuan war in the tradition of FDR. And look how that arrogance led to disgrace and loss, as he unwittingly presided over the destruction of American prosperity while searching for bugbears abroad.
It just goes to show you that the presidency is something like a drug. It makes people lose all connection to reality. Part of the reality that Obama needs to recognize is that the New Deal was a calamity far worse than the initial market downturn that began it. He needs to stop basing his policies on dumbed-down civics texts versions of events and consider the economic logic. [Continue]
In another great article from Robert P. Murphy at the Ludwig von Mises Institute, entitled “Do You Austrians Have a Better Idea?”, ten steps are laid out as an alternative to the Keyensian-style “stimulation” plan set forth by Obama, Geithner, Bernanke, and the rest of the gang. Mostly, the plan includes eliminating various taxes, greatly reducing expenditures (including major reductions in military expenses), and eliminating federal agencies such as the SEC, DEA, and the Department of Education.
Naturally such are ideas aren’t politically feasible given the current batch of morons elected to Congress, but nevertheless they are badly needed.
Read the article:
A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and waste it on something that will make a given problem worse, the stumped critics will often shout, “Oh yeah? Well do you guys have a better idea?” [Continue]
The way Ron Paul tells it, his more than 30 years of speaking and writing about money, inflation, and the Federal Reserve System attracted only limited interest outside libertarian and constitutionalist circles. The subject, and Paul as its spokesman, were scarcely to be found in the media, even—or perhaps especially—on the business networks.
But Paul’s 2008 presidential bid changed that. Suddenly the Fed was on the table for discussion for the first time since Congress established it in 1913. With Paul making the evils of central banking and fiat money a theme of his campaign, the issue took on a vigor that few expected. Even calling for the Fed’s outright abolition was longer unheard of on the television news networks. [Continue article]
Much has been discussed in Republican circles of late about what the strategy should be to rebrand the Grand Old Party into the Grand New Party. The problem with this notion is that most red-staters ignore the fact that their party was already rebranded several years ago thanks to neo-conservatives. The trick isn’t so much one of “rebranding” but one of returning to roots.
What is required is a bear hug embrace of the “Old Right”-the fundamental conservatism embodied in the traditional Republican nickname. The Grand Old Party of free markets, individual freedom, and non-intervention must replace today’s Grand Neocon Party of massive spending, legislating morality, and preemptive war. Republicans have the poster boy for such an effort right under their noses, that is if they stop looking down their noses at the only man equipped to be their savior, Ron Paul.
Michael Steele, as the new RNC Chairman, should immediately work on what I call the “Only Ron Paul” strategy for 2012 victory. They should embrace Ron Paul and every single one of his activist supporters. They should make Ron Paul their candidate in 2012. Not one of a few, nor several candidates, but their only candidate, their chosen one. They should be public about it too. Let everyone in America know that Ron Paul is the Republican choice for President in 2012.
In the next installment of “Ron Paul’s Walls”, Ron Paul discusses a quote that he has hanging on his wall from Senator Robert Taft.
He agrees with Taft in opposing the draft for individual liberty reasons.
“A compulsory draft is far more typical of totalitarian nations than of democratic nations. The theory behind it leads directly to totalitarianism. It is absolutely opposed to the ideas of individual liberty which have always been considered a part of American democracy.” -Robert Taft
Once again Ron Paul becomes the educator. He also talks bout his own experience as a young adult with respect to the draft.
Trends researcher Gerald Celente was on Glenn Beck’s show today. They discussed the potential for a “Global Katrina” (in Beck’s words).
I said a long time ago that I thought Glenn Beck was the “main stream” media equivalent of Alex Jones. I don’t think this is too far off the mark. In fact as time goes by it becomes more evident.
Ron Paul went head to head with Ben Bernanke today on Capitol Hill. These are the times that Ron Paul seems to enjoy.
Some credit Nixon closing the gold window in 1971 as the primary action that lead to our current financial woes. This event was the very reason Ron Paul entered politics. Paul continues his free market efforts with today’s questioning. Check it out below.
His opening statement is first, followed by his “question”.
Liberty Maven
CARTEL – n. a combination of independent commercial or industrial enterprises designed to limit competition or fix prices (per Merriam-Webster’s Dictionary) (emblem)
Today I came across a great article by Lew Rockwell that I feel the need to share with the readers of Liberty Maven. I don’t have much to say about it besides “it’s great!” and “read it now!” Here it is:
, has written a great piece at 
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